img Nigerialog.com - Nigeria's Premier Online Forum - EURUSD (Fibre-Buck)
Welcome, Guest.
Did you miss your activation email?

Date: October 31, 2020, 11:45:30 AM

Contact
imgimgimg

EURUSD (Fibre-Buck): Business : Nigerialog.com - Nigeria's Premier Online Forum

354 views

EURUSD (Fibre-Buck)

By: alagbe003 (M) |Time : July 17, 2018, 09:03:32 AM
The common currency surged higher against the Greenback as the pair remained indifferent to the series of economic data released from the two zones. Core Retail Sales and Retail Sales released by the US Census Bureau showed a positive change in the total value of sales at the retail level while Trade Balance released by Eurostat came out well below forecast which showed that the zone’ Import was higher than export. The economic data failed to dominate market sentiment as the Dollar Index hovered around the 94.50 mark in the early session but fell to 94.15 aiding the pair close higher.

Today, the pair opened above the pivot and has successfully broken the upper band of the 21 period Bollinger Band as well as a weak support level on the hourly chart ahead of the testimony of Jerome Powell, the Federal Reserve Chair on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC by 3pm. Powell is expected to defend the pace of one interest-rate hike per quarter and if all goes according to plan it is expected to strengthen the Greenback. A bullish trend (buy) is envisaged for now bearing in mind the possibility of retracement after the testimony.

Re: EURUSD (Fibre-Buck)

By: princepoint |Time : July 17, 2018, 09:14:48 AM
Market turning point soon bearish trend

If you wish you can wait after the news

Re: EURUSD (Fibre-Buck)

By: Adenosine (M) |Time : July 17, 2018, 11:46:19 PM
USD was somehow sluggish today in the market

0 Members and 1 Guest are viewing this topic. Reply

web site traffic statistics